The Michigan Legislature is supposed to make laws and spend taxpayer money wisely and transparently.
But a report from the Detroit News says the GOP-led Legislature gave $4 million to a for-profit company, with an unclear return on investment for taxpayers. The details of the corporate handout weren’t discovered until months after the appropriation.
Transit agencies could turn to taxpayers for more money when federal COVID-19 money runs out.
With federal money dwindling, some mass transit agencies are preparing to seek more tax dollars at a time when fewer people are riding, according to a report from a credit rating agency.
Some workers never plan to return to the office, creating uncertainties for mass transit agencies and the taxpayers who fund them, especially those more dependent on riders for fare revenue. A new report from S&P Global Ratings said transit systems could seek additional tax dollars when federal COVID-19 money runs dry in 2025.
Taxpayers are being asked to fund the reopening of the Palisades nuclear plant in Southwest Michigan through a federal grant.
When it was still in operation, Palisades provided more than 800 megawatts of of carbon-free power and employed 600 people. The plant’s former owner closed the plant on May 20 after the plant’s fuel supply ran out and the power purchase agreement with Consumers Energy expired.
The taxpayer cost of the 2014 Flint water crisis litigation might grow to as much as $90 million after the Michigan Supreme Court rejected Attorney General Dana Nessel’s appeal of a decision that she must use a “taint team” to separate legal documents.
The court said justices were “not persuaded that the question presented should be reviewed by this Court.”
The IRS briefly made public the personal financial information of roughly 120,000 taxpayers, the agency announced on Friday.
Taxpayers’ Form 990-Ts were temporarily available to public viewing on the IRS website, but the agency has since removed them, according to the Wall Street Journal. Individuals file the form to disclose certain types of income within their retirement accounts.
President Joe Biden announced Wednesday his administration would “forgive” $10,000 in federal student loan debt for those making less than $125,000 per year. The Committee for a Responsible Federal Budget said the plan could cost taxpayers more than $200 billion.
The total income cap is expected to be higher for married couples, likely around double the $125,000 mark, though that has not been confirmed.
Most Americans have been conditioned to accept some level of incompetence and inefficiency from government – but not to the extent that federal employees paid by our tax dollars simply admit that they are fundamentally incapable of doing their jobs. Yet shockingly, this is what we are now witnessing with the Department of Education’s failed and convoluted attempt to process claims for student loan cancellation.
Rather than impose higher taxes and more restrictions on domestic production of oil and natural gas, as Senate Democrats voted to do by passing the Inflation Reduction Act, those in the industry proposed 10 actions policy makers can take right now to reduce costs. The industry says its solutions won’t cost taxpayers $740 billion, as the Inflation Reduction Act does, or increase the national debt or inflation, as 230 economists have warned the act will do.
President Joe Biden’s continuous sales of crude oil from the U.S. Strategic Petroleum Reserve (SPR) could have severe consequences for taxpayers, experts told the Daily Caller News Foundation.
The Biden administration announced plans last Tuesday for another wave of oil sales from the SPR, as well as a proposal to help restock the reserve, according to a White House press release. The Biden administration aims to strategically sell oil from the reserve to boost supplies and fight soaring gas prices, but the rapid draining of U.S. stockpiles could cause taxpayers to foot the bill when the department inevitably refills its reserves.
The Internal Revenue Service has been under fire for delays and millions of backlogged returns, but now lawmakers are raising the alarm after the federal agency “destroyed” millions of Americans’ tax documents.
Republicans on the House Oversight Committee sent a letter to IRS Commissioner Charles Rettig this week asking for answers about why these records were destroyed.
More than $1.1 billion of legal marijuana has been sold in Michigan in fiscal year 2021, and now, more than $140 million of tax revenue will kick back to taxpayers.
Of that amount, $42.2 million will fund 163 municipalities and counties, $49.3 million will flow to School Aid Fund, and $49.3 million will go to the Michigan Transportation Fund.
A great plague of our contemporary political landscape is that one bad policy begets even more bad policies. Such is the case with many of America’s existing immigration laws.
Federal law, for example, calls for specific enforcement protocols. But our elected representatives have decided that some of those protocols simply should be ignored. This mindset led to ideas like catching and then releasing illegal aliens into our communities, preventing local law enforcement from working with federal law enforcement, and “sanctuary” cities where those who have broken our laws can hide from accountability.
From this witches’ brew of bad ideas has come the latest product rollout, one suited for our time: stimulus checks for illegal aliens. Using the economic damage caused by COVID-19 as a pretext, anti-borders activists and their allied politicians have found a way to sustain those here illegally while creating further incentives for even more foreign nationals to move here.
General Motors (GM) garnered national headlines when it promised to invest $6.5 billion in Michigan, but the people negotiating the deal’s claw back provisions might only require GM meet half of that investment and 80% of the original job creation promise, despite taxpayers still footing an $824 million subsidy.
When in front of the press, GM and Michigan promised the factory would support 4,000 jobs and retain another 1,000 – a cost of about $206,000 per job created, and if it failed, Michigan could claw back a sizeable portion of that money.
Public education has been under the microscope lately, especially since many states shut down in-person learning last year during the COVID-19 pandemic. With children learning from home via technology, many parents had the chance to hear what their children’s teachers were saying—and they didn’t always like it. In fact, many were downright disturbed by what public schools were teaching their children.
Parents should not be forced to sit by and watch as their children get indoctrinated with progressive ideas they don’t agree with. Assuming it is legitimate for the government—that is, the taxpayers—to fund education, the government should distribute those funds directly to parents in the form of vouchers and allow them to choose where to educate their children. Not only would this allow for more choice in schools, but it would also reduce much of the conflict we are seeing today between parents and school boards across the country.
A common response to voucher proposals is that they would allow parents to use taxpayer dollars to send their children to private religious schools, thus violating separation of church and state. In other words, atheists and progressives argue that they should not have to financially support schools that teach students religious worldviews.
U.S. states may have to provide funding for Apple’s plan to store government-issued identification credentials in its devices.
The company first announced partnerships with several states in September to develop a digital driver’s license and state identification card that could be stored on a person’s iPhone. However, the technical maintenance of the program, the customer support and marketing, may be paid for by taxpayer dollars and reviewed by Apple, according to documents seen by CNBC.
Bowing to pressure from banks and taxpayers concerned about a proposal to require financial institutions to report to the IRS gross inflows and outflows for just about every account in the country, Democrats have attempted to quell concerns by raising the threshold. Unfortunately, even the raised threshold is still laughably low to accomplish Democrats’ stated purpose of cracking down on wealthy tax cheats.
The original proposal would have required financial institutions to report on any account (be it a checking account, savings account, stock portfolio, etc.) which handled more than $600 in inflows and outflows in a given year. Obviously, that’s just about every account.
But the new proposal isn’t much better. This time, the threshold would be set at $10,000, and exempt payroll deposits. In other words, if a given taxpayer received $20,000 in payroll deposits, they would only exceed the threshold were other deposits and spending, taken together, to exceed $30,000.
Over the course of the pandemic, federal overspending has exploded even by Congress’s lofty standards. While trillion-dollar deficits were a cause for concern before 2020, spending over just the last two years is set to increase the national debt by over $6 trillion. It’s bizarre, then, that the only thing that members of opposing parties in Congress can seem to work together on is fooling the budgetary scorekeepers with phantom offsets for even more spending.
In total, the bipartisan infrastructure deal includes around $550 billion in new federal spending on infrastructure to take place over five years. Advocates of the legislation claim that it is paid for, but they are relying on gimmicks and quirks of the budget scoring process to make that claim.
Take the single biggest offset claimed — repurposing unused COVID relief funds, which the bill’s authors say would “raise” $210 billion (particularly considering that at least $160 billion have already been accounted for in the Congressional Budget Office (CBO) baseline). Only in the minds of Washington legislators does this represent funds ready to be used when the national debt stands at over $28 trillion.
“Columbia and other wealthy universities steer master’s students to federal loans that can exceed $250,000. After graduation, many learn the debt is well beyond their means,” notes the Wall Street Journal.
The Journal reports on Columbia University’s Master of Fine Arts Film program, one of the worst examples, in an article titled “Financially Hobbled for Life: The Elite Master’s Degrees That Don’t Pay Off”:
Recent film program graduates of Columbia University who took out federal student loans had a median debt of $181,000.
Taxpayers are coming to Arizona from other states by the tens of thousands and bringing billions of dollars in annual earnings with them.
The Internal Revenue Service released its annual migration statistics, a record of address changes by filers and their dependents between tax years. The data released in late May reflects changes from the 2018-2019 tax years, which symbolize moves that occurred between 2017 and 2018. Nationwide, 8 million people relocated to either another state or county.
Arizona gained 218,736 new taxpayers in that time. Having lost 152,769, that’s a net gain of 65,967 exemptions from one tax year to the next. That’s nearly 1,000 more than the previous tax year.
California residents of all ages and incomes are leaving for more tax friendly climates, and they’re taking billions of dollars in annual income with them.
The Internal Revenue Service recently released its latest taxpayer migration figures from tax years 2018 and 2019. They reflect migratory taxpayers who had filed in a different state or county between 2017 and 2018, of which 8 million did in that timespan.
California, the nation’s most-populous state, lost more tax filers and dependents on net than any other state.
A spokesperson for the Biden Administration’s State Department confirmed the possibility that some of the aid being sent to the Palestinians could go to the terrorist organization Hamas, according to the Washington Free Beacon.
The administration is allocating up to $100 million of American taxpayers’ money to go to the Palestinians, but has repeatedly declined to confirm if there are any safeguards in the aid package that could prevent some of the funds from going to Hamas, the terror group that is responsible for thousands of unprovoked rocket attacks on Israel in recent weeks.
An unnamed senior official with the State Department said that “as we’ve seen in life, as we all know in life, there are no guarantees,” with regards to the possibility of terrorists getting their hands on some of the funds.
Senator Elizabeth Warren (D-MA) recently revived her campaign proposal for a wealth tax on taxpayers with a net worth exceeding $50 million. Unfortunately, the plan retains the same defects as her previous proposals to tax wealth, along with the same distortions she used to defend it last time.
Warren’s proposal, introduced along with companion legislation in the House sponsored by Rep. Jayapal (D-WA) and Rep. Boyle (D-PA), would tax wealth above $50 million at a rate of 2 percent, and wealth above $1 billion at a rate of 3 percent.
Senator Warren has routinely presented her wealth tax proposal as a minor, moderate tax on the ultra-wealthy. Just as she did on the presidential campaign trail, Warren is describing her plan as a “two cent” tax. This dishonest framing allows Warren to pretend that the tax is small.
Arguably, Los Angeles Mayor Eric Garcetti is the most incompetent, destructive, negligent, no good, irresponsible mayor in American history. And he’s got plenty of competition right now. San Francisco’s London Breed, Ted Wheeler in Portland, and Bill de Blasio in New York City are all top contenders. Blue City mayors bent on destroying civilization are plentiful, but Garcetti is the worst member of this odious gang.
The Affordable Care Act mandated that states accept a hospitals’ decision on the eligibility of all able-bodied adults who verbally report their income to be below the Medicaid level, which has led to many fraudulent eligibility claims, according to a report published Monday.
The Foundation for Government Accountability (FGA) report examined recently released data from state Medicaid agencies. It specifically looked at the government Medicaid funds that were wasted through false hospitals’ presumptive eligibility (HPE) determinations.
School districts around the country have been announcing reopening possibilities for the upcoming school year. The options often include full-time virtual learning, two or three in-person days at school, or a combination of the two.
In a few districts, I’ve seen four or five suggestions.
Breitbart reports, “American taxpayers are billed up to $133,000 per refugee resettled in the United States over the course of a lifetime, a new study reveals.”
In a recent report on the costs to U.S. citizens for its welcoming immigration and refugee policies, the Center for Immigration Studies (CIS) finds that each refugee resettled in the U.S. especially those in the United States illegally, and use social welfare programs cost American taxpayers anywhere on average between $60,000 and $133,000 over the course of a lifetime.